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 FAMILY:
Debabrata Mukherjee, 33, General Manager (Operations), Coca-Cola
India; Sulagna, 32, Housewife; Chandreyee, 6; Atreyei, 1 month
SALARY: Rs 27 lakh a year
INVESTIBLE SURPLUS: Rs 7-8 lakh a year
ASSETS/INVESTMENTS: Rs 3-4 lakh in mutual funds; Rs 5-6
lakh in PPF; insurance policies; Rs 25-lakh house in Gurgaon (EMI
of Rs 10,000; stays in company provided house in Defence Colony,
Delhi)
RAJIV BAJAJ, Managing Director,
Bajaj Capital, recommends:
- Debabrata should take out a life insurance policy, preferably
a term plan, for Rs 1 crore
- He should invest in PPF from the retirement point of view (Debabrata
is in the high-income bracket and is not eligible for benefits
under Section 88 of the Income Tax Act)
- He should invest Rs 1 lakh a year in a pension plan; this will
also lead to a tax deduction of up to Rs 3,000 a year under Section
80 CCC (1) of the income Tax Act
- 30 per cent of remaining Rs 6 lakh in systematic investment
plans (SIPs) of equity funds; 60 per cent in SIPs of debt funds;
and 10 per cent in SIPs of cash funds Assuming Debabrata is a
moderate risk taker
ROHIT SRIVASTAVA, Market Strategist,
SSKI Securities, recommends:
- Debabrata should invest between 70 per cent and 80 per cent
of his investible surplus in equities either directly, through
portfolio management services, or mutual funds
- He should spend 20 per cent on acquiring real estate through
fixed-rate loans
- Of his equity investments, 50 per cent should be in growth
stocks, and 50 per cent in blue chips
- If he goes for MFs, he should invest 50 per cent in a growth
fund focussed on mid-cap stocks and 50 per cent in a blue-chip
stocks one
- Allocating 50 per cent of his equity investments to a PMs scheme
is a good idea
- If he decides to take the direct route, he should not own more
than 20 stocks, 10 in mid-cap growth companies and 10 in blue-chips
across sectors
-compiled by Sahad P.V. and Shilpa
Nayak
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